Sale of Protagonist to Techone backed by Nedvest

Sector(s)
Business Services / TMT
Deal type
Buyout / MBO / Sell your business
Date
August 2020
Countries involved
Benelux

Client

Protagonist, founded in 1999, is a provider of (private) cloud and webhosting services. The company serves ~7,000 customers and manages over 20,000 registered domains

Deal

Capitalmind has advised the shareholders of Protagonist on the sale to Techone, backed by Nedvest Capital

Parties

Lead team

  • Ron Belt

    Ron Belt

    Managing Partner Benelux
  • Pim Mulder

    Pim Mulder

    Manager Benelux

About the deal

Protagonist has been sold to Techone, a portfolio company of Nedvest Capital.

Protagonist, founded in 1999, is a provider of (private) cloud, webhosting and domain services. The company serves ~7,000 customers and manages over 20,000 registered domains. Protagonist is proud on their focus to deliver excellence and achieve customer satisfaction, resulting in the number one Trustpilot ranking within the hosting segment.

Techone is a provider of cloud and telecommunication services for the Dutch SME market, backed by Nedvest Capital.

Nedvest Capital is a Dutch middle-market private equity company with a focus on technology, business services and industrials.

After the transaction, Protagonist’s management will remain active to focus on broadening its service offering organically and through a buy-and-build strategy.

 

What we did

Capitalmind actively supported Protagonist as exclusive advisor along the entire sell-side process: marketing materials preparation, screening and selection of the relevant strategic and financial buyers through a competitive process, management of the due diligence and negotiation of terms and conditions of the deal plus ultimate closing of the transactions.